The four-day work week ideology is showing no signs of tiring, despite recent debate suggesting that the four-day work week is not feasible or sustainable.
Results from the likes of Perpetual Guardian, Microsoft Japan and fellow Australian companies Icelabs and Versa, have shown increases in productivity and profitability, not to mention the significant reduction in stress levels and health issues among employees.
Recruitment firm Beaumont People has become the next Australian company to adopt the initiative in its desire to remain connected to the growing needs of its own people and the Australian workforce.
“The concept of a four-day work week intrigued me from the very beginning,” explains
Nikki Beaumont, Founder and CEO of Beaumont People.
“As I continued to research the idea and the many benefits it can produce, I knew that this was something we needed to trial, and our people deserved the opportunity to access this.
“Our own research into meaningful work has suggested that flexibility and work-life integration are key to attracting and retaining people.”
Reported benefits include:
Happier and healthier employees – Perpetual Guardian reporting stress levels fell from 45% to 38% while work-life balance scores increased from 54% to a staggering 78%
Increased productivity and lower absenteeism – Microsoft Japan reported employees took 25% less time off during the trial and saw productivity levels soar by 40% (not to mention the added bonus of electricity costs reduced by 23%!)
Increased profitability – Australian digital agency Versa has reported an increase in revenue of 46% in its first 12 months, as a direct result of the initiative.
Unlike some of the other companies who have adopted the four-day work week, Beaumont People is not changing its weekly contracted hours or adjusting salaries to pro-rata, but instead gifting its employees one day off a week in exchange for current productivity being maintained.
“Our purpose is to connect people to organisations that empower them to do meaningful work and create more opportunities for meaningful work in Australia,” Ms Beaumont said.